South Dakota § 58-34-50 - Liquidation--Distribution of remaining assets to subscribers.
Full text of South Dakota South Dakota Codified Laws § 58-34-50 — Liquidation--Distribution of remaining assets to subscribers., with citation guidance and answers to common questions.
§ 58-34-50. Liquidation--Distribution of remaining assets to subscribers.
Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus made as provided in § 58-34-34, and the return of any unused premium, savings, or credits then standing on subscribers' accounts, shall be distributed to its subscribers who were such within the twelve months prior to the last termination of its certificate of authority, according to such formula as the director may approve.
Source: SL 1966, ch 111, ch 19, § 28.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-34-50
What does South Dakota Codified Laws § 58-34-50 cover?
Section 58-34-50 ("Liquidation--Distribution of remaining assets to subscribers.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-34-50?
A common citation format is "South Dakota Codified Laws § 58-34-50" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-34-50 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.